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Regulating to Disaster How Green Jobs Policies Are Damaging America's Economy

Tuesday October 2012


Diana Furchtgott-Roth Senior Fellow, Manhattan Institute; Former Chief Economist, U.S. Department of Labor

What is a “green job” anyway? Few can adequately define one. But this much is certain: Green jobs are the most recent reappearance of a perennial bad idea—government regulation of certain industries, designed to anoint winners and losers in the marketplace.

Still, President Obama and environmentalist coalitions claim the creation of green jobs can save America’s economy, and are worth taxpayers’ investment. President Obama’s insistence on these dubious pursuits ultimately hamstrings American businesses not deemed green enough, and squeezes struggling households with regulations.

Diana Furchtgott-Roth debunks the myth that green jobs can save America’s economy and exposes the powerful nexus of special interest groups that benefit politically and financially from government regulation of the energy sector.

Americans are suffering high unemployment rates even as the government continues to subsidize failing ventures like the bankrupted Solyndra and to delay action on the Keystone XL pipeline. Regulating to Disaster will be of interest to anyone concerned about the future of our economy.